Javelin Strategy & Research: New Account Fraud: New Accounts Most at Risk. Losses from new account fraud far exceed those associated with other types of ID fraud. In 2010, the expense associated with recovering from ID fraud increased 66 percent. Fraud takes 12 hours longer to identify than they did in 2009, study finds. Older Americans who have made themselves vulnerable by exposing too much information on social networking sites are more at risk, study says. “The weight of solving the problem will ultimately fall on the banks, because the criminals go where the money is,” expert says.”]
Source: https://www.cuinfosecurity.com/id-fraud-new-accounts-most-at-risk-a-3331